Head of Risk & Operational Compliance

Prs For Music Ltd; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Head of Risk & Operational Compliance to lead risk management initiatives. This role involves developing governance frameworks, managing compliance, and ensuring effective communication with stakeholders. The successful candidate will have a strong background in risk management and compliance, with a proven track record in leading teams. The organization values diversity and offers a supportive environment for innovation. Join a forward-thinking company that prioritizes employee development and well-being, while making a significant impact in the music industry.

Benefits

Enhanced maternity and paternity leave

25 days holiday entitlement

Work from anywhere for up to eight weeks

Retail discounts

Gym discounts

Season ticket or bicycle loan

Qualifications

• Experience in enterprise risk management and compliance advisory.
• Ability to lead and develop a team with strong communication skills.

Responsibilities

• Identify and mitigate operational risks across the organization.
• Develop and implement policy governance frameworks.
• Coordinate internal audits and manage audit findings.

Skills

Risk Management

Compliance Advisory

Stakeholder Management

Communication

Team Leadership

Policy Governance

Regulatory Frameworks

Education

International Diploma in Enterprise Risk Management

Member of Institute of Risk Management

Job description

Overview

Music wouldn't exist without the work of songwriters, composers and publishers. We're here to represent them and make sure that they are paid for their work. After more than a century in the industry, we continue to innovate as a world-leading organisation.

The Role
PRS for Music are seeking an experienced and talented Head of Risk & Operational Compliance to drive the identification and mitigation of risk across the organisation.

You will have full oversight and ownership of operational risk and compliance within the business and business units, maintain governance by the reporting of typical operational risk requirements, reports, framework embedding, making sure all the rules and regulations are strictly followed, and all policies are aligned with the overall company strategy.

Prior experience of enterprise risk management policy definition and management together with creation and monitoring of actionable and timed plans is essential.

Managing a small team, you will be able to demonstrate solid communication and stakeholder management skills as you work closely with the PRS Audit Committee, Chief Finance Officer (CFO) and PRS’ outsourced internal audit function as well as the executive leadership team and key stakeholders.

Salary: competitive plus excellent benefits package

Responsibilities

As our Head of Risk & Operational Compliance you will be accountable for identifying the operational risks that the organisation faces; co-developing suitable policy governance, learning, behavioural change, monitoring, assurance and reporting tools. Some of your day to day duties will include:

• Develop and implement policy governance framework.
• Work with the business to implement and maintain a Three Lines of Defence assurance model across the organisation.
• You will oversee the procurement and day to day management of PRS’ commercial insurance programme.
• To lead health checks and deep dive reviews across specific aspects of risk and compliance.
• Coordinate the delivery of Internal audits by PRS’ audit partner, ensuring timely execution, reporting and proactive management of audit findings.
• To assist management in the visibility of the effectiveness of controls in mitigating risks across key risk categories and lines of defence within a three lines of defence model. Including:
  • Ensuring controls are fit for purpose, appropriately embedded and work effectively in the future
  • Operational effectiveness testing in high-risk areas and processes
  • Supporting and working with Transformation in streamlining and simplification of processes and controls
  • Support management with the interpretation and implementation of risk appetite decisions at a process level
• To work across the enterprise and its leadership to ensure:
  • Consistent and robust identification and mitigation of all key risks
  • Clarity in accountability and ownership of risks
  • Improved view of key controls
  • Proactive, risk aware culture across the organisation
  • Assurance to the Board, Audit Committee and Executive Leadership team.

For a full list of duties, please email the recruitment team and request a copy of the job description.

About you

At PRS for Music, we want you to bring the best version of yourself to work. We believe that celebrating individuality promotes a culture of acceptance and openness. Along with being whoever you want to be, you will also have/be:

• Previous compliance advisory experience preferable within an assurance and regulatory framework including a three lines of defence model
• Proven track record of developing and maintaining a risk and assurance framework in a non-regulated industry with extensive knowledge of UK and EU risk regulatory requirements
• Commercially aware with the ability to make robust and accurate business decisions
• Experience of leading and developing a team
• Excellent communication and stakeholder management experience with strong influencing skills
• Ability to build strong relationships with various individuals and business units within PRS for Music and partners where applicable

Desirable

• Member of Institute of Risk Management
• International Diploma in Enterprise Risk Management

What’s in it for you?

Here are just a few things that set PRS for Music apart from the crowd:

• We trust, value, and support our people to make the difference

• We believe that diversity of thought and experience provides the platform for innovation and creativity

• We are consciously inclusive and have eight Affinity Groups which you can join and make an impact

• We invest in the development of our people to drive our ambitions forward

• We offer a range of family friendly leave including enhanced maternity and paternity, grandparent, fertility, reproductive and menopause support.
• We know time to rest and recharge is important which is why we offer 25 days holiday entitlement with the option to top up twice annually up to a maximum of 30 days
• Employees can work from anywhere in the world for up to eight weeks of the year
• Plus a whole range of other benefits, including retail discounts, gym discounts, season ticket or bicycle loan.

The Process

Our interview process for this role is simple:

• First stage interview will take place virtually on MS Teams.

• Second stage interview will take place in person at our London Bridge Hub.

• Third stage interview will take place virtually on MS Teams / take place in person at our London Bridge Hub.

We use competency-based questions within our interviews. This allows you to provide examples of situations where you have had to demonstrate the required skills relevant to the role you are applying for. To assist your preparation for interview, research the STAR method to aid bringing your examples to life.

Location

We offer a hybrid working model, allowing employees to work from home up to three days a week (additional office attendance may be required).

To ensure the health and safety of all our employees, if you wish to work from home for more than 2.5 days per week, we will conduct a quick and easy remote-working assessment.

If you sound like you could be the right person for the job, apply now.

At PRS we are committed to equity, diversity, inclusion and belonging for all. We have taken a holistic approach to ensure that no one feels excluded regardless of age, class, sexuality, gender, race, religion, or ability. We value the needs of everyone in our organisation and strive to build an environment where our employee’s contributions are recognised in order that everyone may thrive.